freehold n. any interest in real property which is a life estate or of uncertain or undetermined duration (having no stated end), as distinguished from a leasehold which may have declining value toward the end of a long-term lease (such as the 99-year variety).
Common Property n. 1) real property owned by “tenants in common,” who each have an “undivided interest” in the entire property. 2) property managed by a homeowners’ association in a condominium project or a subdivision development, which all owners may use and each owns a percentage interest. 3) lands owned by the government for public […]
juristic [dʒʊˈrɪstɪk], juristical adj 1. (Law) of or relating to jurists 2.(Law) of, relating to, or characteristic of the study of law or the legal profession juristically adv